Financial Performance - The company's operating revenue for the first half of 2023 was approximately RMB 1.03 billion, representing a 16.56% increase compared to RMB 882.72 million in the same period last year[19]. - The net profit attributable to shareholders decreased by 47.33% to RMB 45.27 million, down from RMB 85.95 million in the previous year[19]. - The basic earnings per share for the first half of 2023 was RMB 0.146, a decrease of 47.10% from RMB 0.276 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was 45.27 million yuan, a decrease of 47.3% year-on-year, mainly due to the decline in the market value of other listed company stocks held[32]. - The company reported a net profit of CNY 1,347,635,543.60 for the first half of 2023, compared to CNY 1,257,285,787.20 for the same period in 2022, reflecting an increase of about 7%[113]. - The total profit for the first half of 2023 was ¥35,913,041.58, a decrease of 74.5% from ¥140,731,900.95 in the same period of 2022[116]. - The company experienced a decline in gross profit margin, reflecting increased costs and competitive pressures in the market[115]. Assets and Liabilities - The total assets of the company decreased by 9.03% to approximately RMB 5.83 billion, down from RMB 6.41 billion at the end of the previous year[20]. - Total assets decreased from CNY 6,412,782,199.95 in December 2022 to CNY 5,833,601,096.96 as of June 30, 2023, representing a decline of approximately 9%[108]. - Total liabilities decreased from CNY 2,778,528,757.48 in December 2022 to CNY 2,219,510,338.19 as of June 30, 2023, a reduction of about 20%[109]. - Current liabilities decreased from CNY 2,234,262,599.45 in December 2022 to CNY 1,817,602,105.72 as of June 30, 2023, indicating a decline of approximately 19%[108]. - The company’s total current assets increased from CNY 1,522,414,406.64 in December 2022 to CNY 1,624,404,097.07 as of June 30, 2023, an increase of about 7%[112]. Cash Flow - The net cash flow from operating activities was negative at RMB -104.59 million, an improvement from RMB -349.25 million in the same period last year[19]. - Cash inflows from operating activities amounted to CNY 1.76 billion, up from CNY 1.63 billion year-on-year, reflecting a growth of about 7.8%[122]. - The net cash flow from investing activities was CNY 30.49 million, a turnaround from CNY -377.99 million in the same period last year[123]. - Cash inflows from financing activities were CNY 444.99 million, compared to CNY 378.56 million in the first half of 2022, representing an increase of about 17.5%[123]. Market and Operational Strategy - The company aims to strengthen its market competitiveness and profitability in the real estate sector by closely monitoring market dynamics and adjusting sales strategies accordingly[26]. - The company is focusing on expanding its market potential in the power supply sector while maintaining safety and environmental standards[24]. - The company is actively participating in trade exhibitions to explore new markets and stabilize business volume amid challenges in the international trade environment[27]. Environmental Compliance - The company has completed the construction of pollution control facilities, including electrostatic and bag dust removal devices, and has achieved real-time monitoring of emissions[72]. - The company has not faced any administrative penalties for environmental issues during the reporting period[75]. - The company’s subsidiary, Thermal Power Company, is identified as a key pollutant discharge unit in Ningbo, with emissions including smoke, nitrogen oxides, and sulfur dioxide[70]. Shareholder Information - The company reported a total of 29,312 common shareholders as of the end of the reporting period[99]. - The largest shareholder, Zhejiang Rongsheng Holding Group, holds 90,417,600 shares, representing 29.08% of total shares[102]. - The company has no preferred shareholders as of the reporting date[103]. Risk Management - The management highlighted potential risks that could adversely affect future development strategies and operational goals, which are detailed in the report[5]. - The real estate sector faces significant policy risks that could impact operational strategies and profitability[61]. - The company is actively monitoring macroeconomic policies and market dynamics to mitigate risks in its electricity and heat supply business[60]. Financial Management - The company is actively pursuing internal management improvements and safety production measures to enhance operational efficiency[34]. - The company plans to enhance its project development pace and improve financial risk management in the real estate sector[62]. - The company has confirmed that there are no significant doubts regarding its ability to continue as a going concern for the next 12 months[143]. Investment and Subsidiaries - The company has included 18 subsidiaries in its consolidated financial statements for this reporting period[141]. - The company operates in multiple sectors, including real estate, power supply, and domestic and international trade[140]. Accounting and Financial Reporting - The financial statements comply with the requirements of the enterprise accounting standards, reflecting the company's financial status accurately[145]. - The preparation of consolidated financial statements includes all subsidiaries controlled by the parent company, based on the financial statements of the parent and its subsidiaries[151].

证券代码：600051 证券简称：宁波联合 编号：2023-015 表决结果：同意 7 票，反对 0 票，弃权 0 票。 二、审议并表决通过了公司《2023年半年度报告》及《2023年半年度报告摘 要》。 表决结果：同意 7 票，反对 0 票，弃权 0 票。 公司《2023年半年度报告》及《2023年半年度报告摘要》详见上海证券交易 所网站（www.sse.com.cn）。 特此公告。 宁波联合集团股份有限公司董事会 宁波联合集团股份有限公司 第十届董事会第六次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担法律责任。 宁波联合集团股份有限公司第十届董事会第六次会议通知于2023年8月1日 以邮寄和电子邮件的方式发出，会议于2023年8月11日以现场和通讯相结合的方 式在宁波召开。公司现有董事7名，参加会议董事7名，公司监事及高级管理人员 列席了会议，会议召开符合《公司法》和公司《章程》的有关规定。本次会议的 现场会议由董事长李水荣主持。经与会董事认真审议，表决通过了如下决议： 一、审议并表决通过了公司《经营领导班子202 ...

证券代码：600051 证券简称：宁波联合 公告编号：2023-016 宁波联合集团股份有限公司 关于召开 2023 年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 会议召开时间：2023 年 08 月 31 日(星期四) 下午 13:00-14:00 会议召开地点：上海证券交易所上证路演中心（网址： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络文字互动 投资者可于 2023 年 08 月 24 日(星期四)至 08 月 30 日(星期 三)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通 过公司邮箱 IR@nug.com.cn 进行提问。公司将在说明会上对投资者普 遍关注的问题进行回答。 本次投资者说明会以网络文字互动形式召开，公司将针对 2023 1 年半年度的经营成果及财务指标的具体情况与投资者进行互动交流 和沟通，在信息披露允许的范围内就投资者普遍关注的问题进行回答。 二、说明会召开的时间、地点 （一）会议召开时间 ...

Financial Performance - The company's operating revenue for Q1 2023 was CNY 748,898,370.90, representing a year-on-year increase of 94.07%[5] - Total revenue for Q1 2023 reached ¥748,898,370.90, a significant increase of 94% compared to ¥385,887,273.60 in Q1 2022[18] - Operating profit for Q1 2023 was ¥6,531,243.68, compared to a loss of ¥3,348,772.67 in Q1 2022[18] - The total profit for Q1 2023 was 6,907,509.44 RMB, compared to a loss of 2,162,223.64 RMB in Q1 2022[19] - The net profit for Q1 2023 was -1,929,372.22 RMB, an improvement from a net loss of -7,375,161.61 RMB in Q1 2022[19] - Basic and diluted earnings per share for Q1 2023 were 0.04 RMB, compared to -0.02 RMB in Q1 2022[19] Cash Flow - The net cash flow from operating activities was negative at CNY -213,933,913.24, indicating cash outflow during the period[5] - The net cash flow from operating activities for Q1 2023 was -213,933,913.24 RMB, worsening from -96,344,451.89 RMB in Q1 2022[21] - Cash inflow from operating activities totaled 1,090,376,817.60 RMB, up from 818,077,096.03 RMB in the previous year[21] - Cash outflow from operating activities increased to 1,304,310,730.84 RMB from 914,421,547.92 RMB in Q1 2022[21] - The net cash flow from investing activities was 28,416,883.11 RMB, a significant improvement from -306,999,619.34 RMB in Q1 2022[22] - Cash inflow from financing activities was 414,996,623.39 RMB, compared to 222,394,220.38 RMB in Q1 2022[22] - The net cash flow from financing activities was -27,447,912.80 RMB, a decline from 94,067,972.00 RMB in Q1 2022[22] - The ending cash and cash equivalents balance for Q1 2023 was 1,105,486,591.71 RMB, down from 1,378,327,180.50 RMB in Q1 2022[22] Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,842,943,159.01, down 8.89% from the end of the previous year[6] - Total assets decreased to ¥5,842,943,159.01 as of March 31, 2023, down from ¥6,412,782,199.95 at the end of 2022[16] - Current assets totaled ¥3,614,886,047.98, a decline of 12.5% from ¥4,131,786,537.38 at the end of 2022[15] - Non-current assets amounted to ¥2,228,057,111.03, down from ¥2,280,995,662.57 at the end of 2022, indicating a decrease of 2.3%[15] - Total liabilities decreased to ¥2,210,031,482.07 from ¥2,778,528,757.48, representing a reduction of 20.5%[16] - Current liabilities were ¥1,733,031,292.30, down 22.4% from ¥2,234,262,599.45 at the end of 2022[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 31,173[10] - Zhejiang Rongsheng Holding Group Co., Ltd. held 29.08% of the shares, with 60 million shares pledged[10] Operating Costs and Revenue Drivers - The increase in operating revenue was primarily due to increased sales of imported coal by the subsidiary Ningbo United Group Import and Export Co., Ltd.[8] - Total operating costs for Q1 2023 were ¥750,090,033.74, up from ¥376,253,337.52 in Q1 2022, reflecting a 99% increase[18]

Financial Performance - In 2022, the company's operating revenue was CNY 2,656,542,742.65, a decrease of 28.70% compared to CNY 3,725,851,908.30 in 2021[22] - The net profit attributable to shareholders was CNY 149,951,753.56, down 39.88% from CNY 249,417,453.28 in the previous year[22] - The net profit after deducting non-recurring gains and losses was CNY 109,834,991.47, a decline of 40.28% from CNY 183,909,155.03 in 2021[22] - Basic earnings per share decreased by 40.00% to CNY 0.48 from CNY 0.80 in 2021[24] - The weighted average return on net assets was 4.70%, down 3.51 percentage points from 8.21% in the previous year[24] - The company reported a net cash flow from operating activities of CNY -353,231,602.60, compared to CNY -222,534,817.09 in 2021[22] - The company reported total operating revenue of 2.65654 billion yuan, a decrease of 28.7% year-on-year, mainly due to reduced sales revenue from commodity housing[49] - Net profit attributable to shareholders was 149.95 million yuan, down 39.9% year-on-year, primarily due to decreased sales revenue from commodity housing[49] Assets and Liabilities - The company's total assets increased by 4.96% to CNY 6,412,782,199.95 at the end of 2022, compared to CNY 6,109,764,442.81 at the end of 2021[23] - The net assets attributable to shareholders rose by 3.79% to CNY 3,254,091,171.35 from CNY 3,135,135,177.03 in the previous year[23] - Cash and cash equivalents decreased by 22.58% to 135,095 million RMB, accounting for 21.07% of total assets[62] - Long-term equity investments increased by 208.04% to 24,711 million RMB, reflecting investments made by subsidiaries[63] - Short-term borrowings increased by 105.85% to 30,877 million RMB, indicating higher trade financing[63] - The total financing amount at the end of the period was 269,976.62 million RMB, with an average financing cost of 4.79%[77] Revenue Segments - The company reported a net profit of 8.50 million RMB in the electricity and heat production sector, a 12.0% increase year-over-year[33] - The real estate segment generated revenue of 343 million RMB, a decrease of 80.4% compared to the previous year, primarily due to reduced sales from a subsidiary[34] - The company achieved a sales area of 6.50 million square meters in the Tianhe Garden Phase II project, with a cumulative sellable area of 7.53 million square meters[35] - The company’s thermal power subsidiary has a total installed capacity of 45MW and a heating capacity of approximately 400T/h[41] Operational Challenges - The company reported a net cash flow from operating activities for the year was -96.34 million RMB, indicating challenges in cash generation[27] - The company is facing environmental risks due to stricter national regulations, which may increase operational costs and impact profitability[111] - The company is experiencing operational risks in its wholesale business due to increased global economic uncertainty and trade fluctuations[115] Strategic Initiatives - The company plans to optimize its operational structure by leasing out certain assets, including hotels, to reduce operational costs[36] - The company aims to maintain a stable operational situation despite the challenges posed by the global economic environment, including the impact of the Russia-Ukraine conflict and ongoing interest rate hikes by the Federal Reserve[40] - The company is committed to monitoring macroeconomic trends and adjusting its strategies accordingly to mitigate risks in the power and heat supply business[110] - The company is transitioning from traditional residential development to a multi-faceted approach, including cultural tourism and commercial real estate, to enhance profitability[113] Governance and Management - The company is committed to improving its governance structure, ensuring equal rights for all shareholders, especially minority shareholders[117] - The company has established performance evaluation and incentive mechanisms for senior management, linking compensation to performance assessments[119] - The company has established an Investor Relations Management System to enhance communication with investors[120] - The company has made efforts to resolve competition issues arising from its controlling shareholder's real estate business, although the timeline for resolution remains uncertain[170] Environmental Responsibility - Environmental protection investments amounted to 13.25 million RMB during the reporting period, reflecting the company's commitment to sustainability[172] - The company has completed the construction of pollution control facilities and monitoring systems, achieving real-time online monitoring of pollutant emissions, with all emissions below the required standards[175] - During the reporting period, the company implemented measures to reduce carbon emissions, saving an estimated 600 tons of standard coal, which corresponds to a reduction of 1,600 tons of CO2 emissions[178] Future Outlook - The company plans to achieve a power generation target of 237 million kWh and a heat supply target of 1.36 million tons in 2023[107] - The company has set a revenue target of 2.735 billion RMB for 2023, with costs projected at 2.418 billion RMB[106] - The company aims to enhance its "Tianyi Tong" platform operations and expand its core business to optimize and upgrade its industrial structure[153]

证券代码：600051 证券简称：宁波联合 编号：2023-011 宁波联合集团股份有限公司 关于召开 2022 年度业绩暨现金分红说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 本次投资者说明会以网络文字互动形式召开，公司将针对 2022 会议召开时间：2023 年 04 月 26 日(星期三)下午 13:00-14:00 会议召开地点： 上海证券交易所上证路演中心（ 网址： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络文字互动 年度的经营成果及财务指标的具体情况与投资者进行互动交流和沟 通，在信息披露允许的范围内就投资者普遍关注的问题进行回答。 二、说明会召开的时间、地点 （一）会议召开时间：2023 年 04 月 26 日下午 13:00-14:00 （ 二 ） 会 议 召 开 地 点 ： 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） （三）会议召开方式：上证路演中心网络文字互动 重要内容提示： 投资者 ...

2022 年第三季度报告 证券代码：600051 证券简称：宁波联合 宁波联合集团股份有限公司 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一) 主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期 比上年同 | | 年初至报告 期末比上年 | | --- | --- | --- | --- | --- | | | | 期增减变 | 年初至报告期末 | 同期增减变 | | | | 动幅度(%) | | 动幅度(%) | | 营业收入 | 1,074,572,216.98 | 63.70 | 1,957,291,746.16 | 15.5 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥882,719,529.18, a decrease of 14.93% compared to ¥1,037,603,596.30 in the same period last year[20]. - The net profit attributable to shareholders of the listed company increased by 44.94% to ¥85,949,951.32, up from ¥59,301,625.90 in the previous year[20]. - The net cash flow from operating activities was negative at -¥349,247,170.92, compared to -¥275,722,494.64 in the same period last year[20]. - The company's operating revenue for the reporting period was 882.72 million yuan, a decrease of 14.9% year-on-year, primarily due to reduced sales revenue from imported coal by the subsidiary[34]. - Net profit attributable to shareholders of the listed company was 85.95 million yuan, an increase of 44.9% year-on-year, mainly driven by the increase in investment income from the fair value rise of stocks held in other listed companies[34]. - The company's total operating revenue decreased by 14.93% to approximately 882.72 million yuan compared to the previous year[43]. - Operating costs also decreased by 17.31% to approximately 741.41 million yuan, reflecting the reduction in coal sales[43]. - The company's main business profit for the current period is 14,680 million RMB, representing a 10.99% increase from 13,226 million RMB in the same period last year[45]. - Total profit for the current period is 14,073 million RMB, a significant increase from 5,796 million RMB in the same period last year[45]. - The company reported a significant increase in investment income, totaling ¥11,459,812.62, compared to ¥13,627,578.60 in the previous year[124]. Assets and Liabilities - The total assets at the end of the reporting period were ¥6,166,404,701.21, reflecting a 0.93% increase from ¥6,109,764,442.81 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company increased by 1.76% to ¥3,190,195,580.50 from ¥3,135,135,177.03 at the end of the previous year[21]. - The company's total assets increased slightly by 0.93% to 616,640 million RMB from 610,976 million RMB at the end of the previous year[50]. - The company's total liabilities increased, with short-term borrowings rising by 62.25% to 24,337 million RMB from 15,000 million RMB at the end of the previous year[50]. - The total liabilities decreased to ¥48,138,517.38, down 28.4% from ¥67,275,858.38 year-on-year[120]. - The total equity of the company at the end of the reporting period was CNY 3,123,276,264.96, with a decrease of CNY 131,098,100.86 during the period[141]. Cash Flow - The net cash flow from financing activities increased to approximately 173.72 million yuan, influenced by reduced dividend distributions and previous trade financing repayments[44]. - The cash flow from operating activities showed a net outflow of CNY 349,247,170.92, worsening from a net outflow of CNY 275,722,494.64 in the first half of 2021[131]. - The cash flow from investing activities resulted in a net outflow of CNY 377,998,579.76, compared to a net inflow of CNY 11,644,961.22 in the same period of 2021[132]. - The total cash outflow from financing activities was 31,088,000.00 RMB, compared to 62,176,000.00 in the same period of 2021, indicating a reduction of 50%[135]. Business Operations - The wholesale business achieved an export volume of 94.79 million USD and an import volume of 34.09 million USD, maintaining its status as a comprehensive foreign trade service demonstration enterprise in Zhejiang Province[33]. - The power and heat production and supply business has a total installed capacity of 45 MW and a heating capacity of approximately 400 T/h, covering over 100 heating users[25]. - The real estate business has developed projects in Ningbo, Cangnan, and Longgang, with a focus on traditional residential, cultural tourism, and commercial real estate, facing increasing competition from larger enterprises[26][27]. - The company continues to strengthen internal management and cost control in real estate projects, enhancing its market competitiveness and profitability[32]. - The company is committed to optimizing capacity layout and upgrading power and heat networks to improve operational efficiency and reduce losses[30]. Risk Management - The company has identified major risks that may adversely affect its future development strategies and operational goals, which are detailed in the report[6]. - The company plans to enhance its risk management strategies to address potential policy, environmental, and market risks in its power and real estate sectors[64][66]. - The company aims to optimize its real estate project development and sales strategies to mitigate financial risks associated with market fluctuations and tightening credit policies[66]. - The company is enhancing its foreign exchange risk management to mitigate the impact of RMB fluctuations on its import and export business[68]. Environmental Compliance - The company's subsidiary, the thermal power company, was identified as a key pollutant discharge unit, with actual emissions well below the regulatory limits for dust, nitrogen oxides, and sulfur dioxide[77][79]. - The thermal power company achieved an average emission level of 1.65 mg/m³ for dust, 34.71 mg/m³ for nitrogen oxides, and 8.55 mg/m³ for sulfur dioxide, all within the permissible limits[77]. - The company has implemented pollution control facilities and monitoring systems, ensuring compliance with environmental standards and avoiding penalties for excess emissions[78][79]. - The company has revised its emergency response plan for environmental incidents and conducted drills to enhance preparedness[81]. Shareholder Information - The total number of ordinary shareholders reached 31,231 by the end of the reporting period[104]. - The largest shareholder, Zhejiang Rongsheng Holding Group Co., Ltd., holds 29.08% of the shares, with 60 million shares pledged[105]. - The company did not distribute dividends or increase capital reserves in the first half of 2022, with no shares or cash dividends proposed[75]. - The company distributed dividends totaling 31,088,000.00 RMB during the first half of 2022, which is the same amount as in the previous year[138]. Accounting Policies - The financial statements have been prepared based on the going concern assumption, with no significant doubts regarding the company's ability to continue operations in the next 12 months[152]. - The financial reports comply with the requirements of the enterprise accounting standards, accurately reflecting the company's financial position and operating results[154]. - The company has established specific accounting policies for financial instruments, fixed asset depreciation, and revenue recognition[153]. - The company utilizes the Chinese Yuan (RMB) as its functional currency, except for its wholly-owned subsidiary in Hong Kong, which uses the Hong Kong Dollar[157].

2022 年第一季度报告 证券代码：600051 证券简称：宁波联合 宁波联合集团股份有限公司 2022 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务报表 信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上年同期增减 | | | --- | --- | --- | --- | | | | 变动幅度(%) | | | 营业收入 | 385,887,273.60 | | -24.33 | | 归属于上市公司股东的净利润 | -5,566,952.43 | | -120.24 | | 归属于上市公司股东的扣除非经常 | -435,599.51 ...

Financial Performance - In 2021, the company achieved a net profit of CNY 209,168,988.69, with a proposed cash dividend of CNY 1.00 per share, totaling CNY 31,088,000.00[5] - The company's operating revenue for 2021 was CNY 3,725,851,908.30, representing a decrease of 24.17% compared to CNY 4,913,513,656.20 in 2020[21] - The net profit attributable to shareholders decreased by 27.45% to CNY 249,417,453.28 from CNY 343,776,828.57 in the previous year[21] - The net cash flow from operating activities was negative at CNY -222,534,817.09, a decline of 211.81% compared to CNY 199,024,830.88 in 2020[22] - The total assets decreased by 13.30% to CNY 6,109,764,442.81 from CNY 7,047,050,098.31 in 2020[22] - Basic earnings per share fell by 27.93% to CNY 0.80 from CNY 1.11 in 2020[23] - The weighted average return on net assets decreased by 4.08 percentage points to 8.21% from 12.29% in 2020[23] Revenue and Cost Analysis - The company's total operating revenue for the year reached 3.726 billion RMB, achieving 104.5% of the annual operating plan[32] - The total operating cost was 3.013 billion RMB, completing 109.7% of the annual plan, primarily due to unexpected coal price increases[32] - The company's total revenue for the reporting period was CNY 372.585 million, a decrease of 24.2% compared to the previous year, primarily due to reduced sales from the subsidiary Liangzhu Company[51] - The company's operating costs were CNY 301.257 million, with an operating cost rate of 80.86%, which increased by 7.35 percentage points compared to the previous year[54] - The real estate sector's revenue was CNY 168.206 million, down 38.72% year-on-year, with a gross margin of 30.01%[56] - The wholesale business generated revenue of CNY 112.999 million, a decrease of 25.54% year-on-year, with a gross margin of 7.26%[56] Business Segments Performance - The electricity and heat production and supply business generated an operating income of 581.15 million RMB, a 32.1% increase year-on-year, with a net profit of 75.93 million RMB, up 22.8%[33] - The real estate business reported a revenue of 1.741 billion RMB, a decrease of 37.5% compared to the previous year, mainly due to reduced sales from the subsidiary Liangzhu[34] - The main business revenue of the import and export company decreased by 25.5% compared to the previous year, but net profit increased by 34.1% due to fluctuations in coal prices[37] Asset Management - The company's net assets attributable to shareholders increased by 6.30% to CNY 3,135,135,177.03 compared to CNY 2,949,320,908.84 in 2020[22] - The company's trading financial assets decreased by 79.54 million RMB during the year, impacting profits by 86.76 million RMB[29] - The company's monetary funds decreased by 5.27% to 174,500 million, compared to 184,209 million at the end of the previous period[64] - The company's investment properties increased by 33.80% to 104,314 million, up from 77,964 million year-on-year[65] - The company's long-term borrowings increased significantly by 1,970.90% to 20,564 million from 993 million in the previous period[67] Strategic Initiatives - The company plans to retain the remaining undistributed profits of CNY 1,392,785,821.76 for future distribution[5] - The company plans to optimize its marketing strategies and adjust sales rhythms to reduce inventory and enhance competitiveness in the real estate sector[39] - The company aims to enhance its comprehensive competitive ability in the real estate sector amid tightening market regulations and increased competition[100] - The company plans to diversify its real estate development from traditional residential projects to include cultural tourism and specialty commercial real estate, enhancing its investment and operational capabilities[113] Environmental Compliance - The company’s subsidiary, the thermal power company, has maintained pollutant emissions below the set limits, with actual emissions of 1.65 mg/m³ for particulate matter, 35.1 mg/m³ for nitrogen oxides, and 6.77 mg/m³ for sulfur dioxide[164] - The total actual emissions for the reporting period were 4.44 tons of particulate matter, 97.3 tons of nitrogen oxides, and 19.41 tons of sulfur dioxide, all within the permitted limits[164] - The company has completed the environmental impact assessment and acceptance work for the high-temperature and high-pressure upgrade project of its 7 furnace and 6 machine[166] Governance and Management - The company has established a performance evaluation and incentive mechanism for senior management, ensuring transparency and compliance with legal regulations[118] - The company has developed a robust investor relations management system to enhance communication with stakeholders and ensure equal access to information[119] - The company has a diverse board with members holding various significant positions in other organizations, enhancing its governance structure[126] - The company has established specialized committees under the board, including audit, nomination, compensation, and strategy committees[138] Shareholder Relations - The company has a clear and transparent cash dividend policy, ensuring that minority shareholders have opportunities to express their opinions[154] - The total number of ordinary shareholders at the end of the reporting period was 29,381, down from 36,336 at the end of the previous month[197] - The largest shareholder, Zhejiang Rongsheng Holding Group Co., Ltd., held 90,417,600 shares, accounting for 29.08% of the total shares[199] Future Outlook - The company plans to achieve a power generation target of 28,000 million kWh and a sales volume of 32,000 million kWh in 2022[107] - The company aims to stabilize its existing market while actively seeking to expand its user base[111] - The company will continue to implement technical upgrades to ensure the advancement of its power and heat production technologies[111]